News
MGA brings together five businesses under one brand
Dual Group has rebranded a collection of its UK MGA businesses under a single identity.
EY revisions show three years of slowing premium income growth
EY has revised its forecast up slightly for UK non-life insurance premium income growth this year while ticking down the prediction for 2026 and releasing its number for 2027.
Ex-Towergate boss Mike Lawton promoted at Travelers
Travelers Europe has named Mike Lawton as chief operating officer.
Miller hails organic growth as revenue hits £271m
Miller has reported total revenues of £271m for 2024, a 13% increase on the year before, as it placed $4bn (£3.18bn) of gross written premium into the market.
Insurance revenue up 7% at Moneysupermarket in 2024
Moneysupermarket achieved 7% growth in insurance revenue in 2024 to £235.6m.
Sompo creates global P&C and wellbeing segments
Sompo Holdings has formed two global segments, Sompo Property and Casualty and Sompo Wellbeing with the restructure kicking in on 1 April.
Mosaic launches combined general and environmental liability cover
Mosaic Insurance has launched a combined environmental product that merges primary commercial general liability with a suite of added pollution and professional coverages, available to retail and wholesale brokers.
Specialty insurer becomes latest Lloyd’s entrant with Syndicate 1984
Convex Group, the specialty insurer and reinsurer, has received in principle approval to launch Lloyd’s Syndicate 1984, which will start underwriting in April 2025.
PIB kicks off 2025 buys with Residentsline
PIB has bought flats and apartments insurance specialist Residentsline from managing director owner Belinda Bagnall in its first deal of the year.
People Moves: 10 – 14 February 2025
Keep up to date with the latest insurance industry personnel moves.
RSA sees underwriting profit shoot up as combined ratio improves
RSA’s underwriting profit almost doubled in 2024, hitting £172m, up from £90m in 2023, the insurer’s parent company, Intact, has reported.
Allianz warns motor traders on EV batteries with guidance for brokers
Allianz UK has warned motor traders on the high risks and costs of Electric Vehicle battery fires, as it offered risk management guidance to brokers and policyholders.
Zurich takes aim at the ‘class ceiling’ as it reveals social mobility pay data
Zurich UK has published its social mobility pay data claiming it is the first insurer, and just one of a handful of companies, to do so as it committed to the ultimate goal of smashing the ‘class ceiling’.
Radius Insurance Solutions adds ex-Aon and Hiscox leader Philip Thorn as MD
Radius Insurance Solutions has appointed Philip Thorn from Aon as managing director, succeeding Matt Kirby.
Ghost broking cases jump nearly a quarter at Action Fraud in 2024
Action Fraud received 817 reports of ghost broking in 2024, a 24% increase on the previous year, the organisation has confirmed.
MGA Aspect expands in property with more products promised for brokers
High-hazards mid-market specialist managing general agent Aspect has rolled out a broader range of product capabilities and a brand refresh.
Amwins reveals three-part MGA structure
Amwins Global Risks has reorganised its underwriting operations into three entities, including UK-based managing general agent Unicorn Underwriting.
MGA takes another Axa leader with CUO hire
Optio Group has appointed the former Axa director of schemes and delegated authorities Gary Head as chief underwriting officer, effective immediately.
Howden and Aviva join up on renewable energy
Howden’s power and renewable energy team has launched a UK quote and bind platform.
MGAA unveils 2025 strategic vision
The Managing General Agents’ Association has set out it strategic vision and mission for 2025, focusing on education, amplifying its value to members, and data-driven insights.
Rokstone recruits Winsley from Howden as broker relationship boss
Managing general agent Rokstone has recruited Rob Winsley from Howden to take up the newly created role of capacity manager and broker relationship director.
6% of FCA financial promotions cases caused by GI & Protection
The Financial Conduct Authority has revealed the general insurance and protection sector accounted for 6% of its workload in the final quarter of last year against firms breaching financial promotion rules.
Gallagher settles 2020 data breach class action suit for $21m – AM Best report
Arthur J. Gallagher has agreed to a $21m (£16.93m) settlement to a class action lawsuit in the US after a data breach in 2020, AM Best has reported.
Weather-related domestic damage cost insurers £585m in 2024, says ABI
The Association of British Insurers has calculated insurers paid out a record £585m for weather related damage to people’s home and possessions in 2024.